Archive: tax credit

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Tired of Traffic Related Tardiness Excuses? Cash in by letting them Telework!

The credit is for up to $1,200 of telework expenses per employee not to exceed $50,000 for each employer. The credit is available for 2012 and 2013 tax years. Telework!VA can help your company offset the cost of starting up or expanding a telework program. Qualified employers throughout Virginia can receive up to $50,000 in tax […]
November 4, 2011
  • By:
  • Aronson

Maryland Credit for Taxes Paid

The Howard County Circuit Court recently struck down, as unconstitutional, Maryland’s credit mechanism for personal income taxes paid to other states insofar as that credit does not extend to income taxes paid to Maryland localities. Taxpayers who were denied this credit against Maryland local income taxes may eventually be due refunds.  The Maryland personal income […]
July 25, 2011
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  • Aronson

Small Business Health Care Tax Credit – It May Be Too Good To Be True

The federal government is providing a new tax credit which nonprofits can qualify for.  According to the government’s sales pitch, the credit “helps small businesses and small tax-exempt organizations afford the cost of covering their employees” by specifically targeting small businesses that have “low and moderate income workers”.  But you may be surprised to find […]
April 15, 2011

Reconceptualizing Contributions

In these trying times with Federal debt increasing daily with no end in sight, President Obama has appointed a committee to research and recommend changes to the tax code that would increase tax revenues. One such change being discussed is to eliminate the tax deduction for charitable gifts and replace it with a special tax […]
December 14, 2010
  • By:
  • Marc Greenberg